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IN THE HIGH COURT OF KERALA AT ERNAKULAM
P. V. BALAKRISHNAN, J
BETA HEALTH CARE PRODUCTS PRIVATE LIMITED – Appellant
Versus
AXIS BANK LIMITED – Respondent
| Table of Content |
|---|
| 1. challenge against classification of loan account as npa. (Para 1) |
| 2. court finds writ petition premature without prior representation. (Para 2) |
| 3. petitioner granted liberty to submit representation. (Para 3) |
P.V. BALAKRISHNAN, J.
….....................................
…........................................................... Dated this the 10th day of March, 2026 JUDGMENT The petitioner has rushed to this Court immediately after receiving a notice under Section 13(2) of the SARFAESI Act , challenging the classification of the petitioner's MSME loan account as a Non-Performing Asset (NPA), seeking restoration of the loan account to a standard category and to consider the petitioner's request for restructuring/rehabilitation in accordance with the mandatory RBI-MSME framework.
2. Heard the learned counsel for the petitioner.
3. I am of the considered view that the present writ petition is highly premature since, the petitioner has wihtout even filing a representation/objection to the Section 13(2) notice has approached this Court. That apart it is to be taken note that the petitioner can take all the contentions now projected in this writ petition in his representat
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